£5m Convertible Note Facility

15 Jan 2019

Sirius Petroleum Plc

(“Sirius” or the “Company”)

£5m Convertible Note Facility

Sirius Petroleum (AIM: SRSP), the Nigeria focused oil and gas development and production company, is pleased to announce that it has agreed binding terms with European High Growth Opportunities Securitization Fund (“the Fund”), managed by the Alpha Blue Ocean Group, in relation to the issue of convertible notes (“Convertible Notes”) raising initially £1.75m (gross) (up to a maximum of £5m in total under the agreement) in new funds for the Company which can be utilised to support the Company’s ongoing requirements for work regarding existing and potential asset targets.

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